Muthoot Housing Finance Company Limited Loan Repayment

Muthoot Housing Finance Company's loan repayment process is made convenient and customer-centric with the Bharat Bill Payment System (BBPS) services from Shriram Finance. With various repayment options and a user-friendly approach, Shriram Finance’s platform provides a secure and user-friendly interface to make your Muthoot Housing Finance Company loan EMI payment online easy and effortless. Besides loan repayment, you can access a wide range of services including utility bill payment, recharge and subscription management, and access to loans and deposit services for your various day-to-day financial needs.

About Muthoot Housing Finance Company

Muthoot Housing Finance Company Ltd. is a prominent housing finance institution in India. It specialises in providing loans and financial services related to housing and real estate. Muthoot Housing Finance Company assists individuals in realising their dream of homeownership by offering various housing loan products and services.

How to Pay My Muthoot Housing Finance Loan at Shriram Finance?

Here is a step-by-step guide to make quick and easy loan repayments online with Shriram Finance:

1. Login to the Shriram Finance website.
2. Navigate to the main menu and click on "Payments," then opt for "BBPS."
3. Under "Financial Services & Tax" category select "Loan Repayment."
4. Select "Muthoot Housing Finance Company Limited” - Enter the loan number and click on "Proceed.”
5. Verify your mobile number and click "Continue.”
6. Enter the OTP received on your mobile and click "Verify & Continue.”
7. Review your loan details and click "Pay.”
8. Choose your preferred payment method, enter the required details, and complete the loan payment before the due date.

Why Choose Shriram Finance For Muthoot Housing Finance Loan Repayment?

You will receive the following benefits by choosing Shriram Finance for loan repayment:

• Convenience: Enjoy the convenience of managing your loan repayment in one place, saving you time and effort.
• Quick and Easy: Shriram Finance offers a straightforward and efficient process for making loan repayments.
• Access to Multiple Services: Access a range of financial services beyond loan repayment, providing you with comprehensive financial solutions.
• Reward Points: Earn reward points or benefits that come with using Shriram Finance for your loan repayments.

How to Download Muthoot Housing Finance Loan Repayment Receipts Online?

Shriram Finance offers two convenient options to download your loan repayment receipts online:

New Users: After completing your loan payment, click on the 'Download Receipt' button.

Existing Users: If you are already a registered user, login to your Shriram Finance customer portal, go to your profile, and access "Transaction History". Here, you can easily select the "Download Receipt" option.

Benefits of Using Shriram Finance for Muthoot Housing Finance Loan Repayment

Shriram Finance is a trusted platform for loan repayment that offers several advantages. Here are some of them:

1. Security: Shriram Finance ensures the security of your Muthoot Housing Finance loan repayment online, safeguarding your financial data.
2. User-Friendly Interface: Shriram Finance provides an easy-to-use platform for convenient and hassle-free loan repayment.
3. All-in-One Platform: With Shriram Finance, you can manage your Muthoot Housing Finance loan repayment online and other financial services in one place.
4. Timely Reminders: Shriram Finance offers timely reminders for loan repayments, helping you stay on track and avoid late fees.

How to Check My Muthoot Housing Finance Loan Repayment Transaction History?

Shriram Finance offers two convenient options to check your loan repayment history:

New Users

• After completing your loan repayment, click on the "View Transaction History" button.
• Sign up using your name, mobile number, e-mail ID, and mPIN.
• You will be redirected to the Shriram Finance customer portal.
• Go to your profile, and click on the "Transaction History" button to check your loan repayment history.

Existing Users

• If you are already a registered user, login to your Shriram Finance customer portal, go to your profile, and access "Transaction History" to check your loan repayment history.

List of Payment Methods Available for Muthoot Housing Finance Loan Repayment on Shriram Finance

Shriram Finance offers convenient online payment options, including debit cards, net banking and much more. For added flexibility, you can also raise collect requests.

What if My Muthoot Housing Finance Loan Payment Fails?

If your loan payment fails, you need not panic. Check out the given options below:

1. Contact the service provider or bank to resolve the issue.
2. Raise a request from the same page using the "Raise a Request" link provided in the receipt.
3. Alternatively, raise a request from your profile page on the Shriram Finance Customer Portal. Login and visit the "My Profile" section to raise a request.
4. Another option is to navigate to "Transaction History", choose the specific transaction, click "Need Help", provide the necessary details, and click "Submit.”

For further assistance, you can reach out to our customer support team.

What Happens If I Do Not Pay My Muthoot Housing Finance Loan Repayment on Time?

If you do not pay your Muthoot Housing Finance loan repayment on time, there could be a negative impact on your credit score. Failing to repay your loan on time can hurt your credit score, potentially affecting your ability to access credit with favourable loan terms in the future.

How to Check My Muthoot Housing Finance Loan Repayment Status on Shriram Finance?

Shriram Finance offers two convenient options to check your Muthoot Housing Finance Company loan repayment status. Choose the one that applies to you and follow the specific steps:

New Users: Click on the 'View Transaction History' button after completing your loan repayment online, Here, you must enter your name, email address, mobile number, and mPIN to register. After successful registration, go to Shriram Finance customer portal. Having accessed your profile, click on "Transaction History," to examine the status of your most recent loan repayment.

Existing Users: Go to your profile on the Shriram Finance customer portal, click on "Transaction History," and check the status of your most recent loan repayment.

Know the Types of Loans Provided by Muthoot Housing Finance

Muthoot Housing Finance offers various types of loans to cater to different housing finance needs:

Affordable Home Loan: Muthoot Housing Finance offers this type of home loan to mid and low-income groups and economically weaker sections who find it difficult to buy a home. The interest rates are competitive, and the loan amount can be up to 40 lakhs.

Home Improvement Plan: The home improvement loans are for all your big and small home renovation needs. The loan amount can be up to 25 lakhs, and the repayment tenure is up to 20 years.

Self-Construction Loans: The loan amount can be up to 40 lakhs, and the repayment tenure is up to 20 years.

Loan against Property: This loan can be availed by using your property as collateral. The loan amount can be up to 75% of the property value, and the repayment tenure is up to 15 years.

Resale Loans: The loan amount for resale home loans can be up to 80% of the property value, and the repayment tenure is up to 15 years.

How to Calculate Muthoot Housing Finance Company Loan Repayment?

To calculate Muthoot Housing Finance Company loan repayment, follow the below-mentioned easy steps:

1. Determine the loan amount you have borrowed.
2. Consider the interest rate applicable to your loan.
3. Calculate the loan tenure or duration.
4. Use a loan EMI calculator available online to get an estimate of your monthly EMI based on these inputs.

What Happens If I Miss an EMI Payment on My Loan?

If you miss an EMI payment on your Muthoot Housing Finance Company loan, you may face the following consequences:

• Late fee charges may apply.
• Negative impact on your credit score.
• Loan settlement may be affected.
•  Interest may accrue.

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